Odaily News Solana Policy Institute, Superstate Inc. and Orca Creative recently jointly submitted a proposal called "Project Open" to the U.S. Securities and Exchange Commission (SEC), advocating the issuance and trading of securities based on public blockchains to improve market efficiency and support existing regulatory goals. The proposal includes: digital equity registered as Token Shares, wallet addresses certified by KYC and training, shareholder registers recorded on the chain, non-custodial or compliant custodial wallet structures, instant settlement mechanisms, and peer-to-peer trading models based on smart contracts.